-- Connecting the dots between our economy, government and business --
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
If Rauner’s political calculus is correct (and I think it is this time) Pritzker and Democrats will devastate Illinois for very short term budget gains. Many people will be unemployed and forced to leave the state to look for work in states run by much more responsible Governors. This kind of economic destruction will be deep and mostly permanent for Illinois.
Rauner’s campaign was such a disappointment. Granted, Rauner was faced with a steep hill, and a big rock to roll, however the Democratic party, their media shills-n-touts, guvmn’t employee unions, and the Medicaid Industrial Complex, whipped Rauner like a red-headed step-child. Voters who didn’t recognize that the supposed real-meal they thought they were eating in 2016 was really just a wish-sandwich flocked into the voting booth and made it happen. Sadly, I fear those stakeholders are going to carry Governor Tax Cheat over the line again as well. JB’s going to trash Illinois’ economy as much as is required to… Read more »
In 2014 Rauner had 1,823,627 votes but had only 1,765,751 in 2018. That’s only a loss of 57,876 statewide roughly 3% of votes. And that’s after the miserable primary he ran where 48.5% of Republican voters chose Ives over him. Most R voters showed up for him in 2018, only a handful defected. Significant for sure, but not unexpected. However, as we know, Rauner to JB in lost in 2018. I think they did so because of the enthusiasm (or outright fraud) of the Democrat party. Roughly 800,000 new voters showed up in 2018 compared to 2014 and nearly every… Read more »
The clown needs to go. He is incompetent and unable to lead. The irony is the really “smart” voters who supported him are going to be economically eviscerated by his ham-handling of our state. But, hey, no worries for him: he can always fall back on his inheritance.
“The irony is the really “smart” voters who supported him are going to be economically eviscerated by his ham-handling of our state.”
But abortion on demand is legal everywhere, isn’t that enough? Jeez! He’s protected the woman’s right to choose! Sure they may all be homeless, in JBvilles, but at least they can pay $100 for an eighth of cannabis after waiting in line for 2 hours.
No one has ever told Fatso no in his life. He doesn’t know how to handle it so he just doubles down on stupid. Because money has always gotten him everything he wants.
And also, I bet Rauner is one happy man that this is not his job now. No republican in their right mind would want to sink this titanic in a sea of democratic opposition at every turn.
On the other hand, if Rauner were still in charge we’d probably still have Nirav Shah running IDPH. He’s doing a great job in Maine keeping nursing home fatalities down while also working hard to ensure Maine’s far more sane re-opening plan works out safely.
Nirav Shah is extremely popular in Maine and not getting the attention he deserves which, as you say, is outstanding.